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drop downs-- will or will not Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of
drop downs-- will or will not
Imagine that you have placed a limit order to buy 100 shares of Sallisaw Tool at a price of $38.00, although the stock is currently selling for $39.86. Discuss the consequences, if any, of each of the following situations. a. The stock price drops to $39.06 per share 2 months before cancellation of the limit order. b. The stock price drops to $38.00 per share. c. The minimum stock price achieved before cancellation of the limit order was $38.53. When the limit order was canceled, the stock was selling for $47.34 per share. a. If the stock price drops to $39.06 per share 2 months before cancellation of the limit order, the order be executed. (Select from the drop-down menu.) b. If the stock price drops to $38.00 per share, the order be executed. (Select from the drop-down menu.) c. The minimum stock price achieved before cancellation of the limit order was $38.53. When the limit order was canceled, the stock was selling for $47.34 per share. The order be executed. (Select from the drop-down menu.)Step by Step Solution
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